Joint research from Professor Shan Ge addressing a proposed rule curtailing financial advisors' conflicts of interest is spotlighted
— August 5, 2020
Excerpt from Financial Advisor IQ -- "The fee transparency obligations imposed by the Department of Labor’s previous fiduciary rule on brokers that handled retirement accounts dimmed the popularity of variable annuity products, but also improved investment outcomes. That’s according to a 62-page report, “Conflicting Interests and the Effect of Fiduciary Duty — Evidence from Variable Annuities.” The report, published in July, was written by Mark Egan, an assistant professor of finance at the Harvard Business School; Shan Ge, an assistant professor of finance at New York University; and Johnny Tang, a doctoral student in economics at Harvard University. The report was published by the National Bureau of Economic Research."